Extreme monetarism

REUTERS - A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying.

"Today, the euro is potentially endangering the political cohesion of the European Union," the Business Line newspaper cited Soros as saying in Hyderabad.

"If the common currency were to break down, it will lead to the break up of the European Union itself. And this will be catastrophic not only for Europe but also for the global financial system." Reuters

Bullshit, frankly. Soros may piss his pants, but Europe will be the same old Europe.